Tilly’s, Inc. (NYSE:TLYS) Major Shareholder Fund 1 Investments, Llc Buys 60,294 Shares

Tilly’s, Inc. (NYSE:TLYS) major shareholder Fund 1 Investments, Llc acquired 60,294 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were bought at an average price of $5.64 per share, with a total value of $340,058.16. Following the completion of the purchase, the insider now directly owns 5,901,403 shares of the company’s stock, valued at approximately $33,283,912.92. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

• On Monday, July 1st, Fund 1 Investments, Llc acquired 126,324 shares of Tilly’s stock. The shares were bought at an average price of $5.54 per share, with a total value of $699,834.96.
• On Thursday, June 27th, Fund 1 Investments, Llc acquired 100,000 shares of Tilly’s stock. The shares were bought at an average price of $5.14 per share, with a total value of $514,000.00.

Tilly’s Stock Performance

Shares of Tilly’s stock traded up $0.22 during trading on Wednesday, hitting $5.73. 108,203 shares of the company’s stock were exchanged, compared to its average volume of 96,106. The business has a 50-day simple moving average of $5.67 and a 200-day simple moving average of $6.59. Tilly’s, Inc. has a 52-week low of $4.85 and a 52-week high of $9.50. The stock has a market capitalization of $172.36 million, a price-to-earnings ratio of -4.06 and a beta of 1.50.

Tilly’s (NYSE:TLYS) last issued its earnings results on Thursday, June 6th. The specialty retailer reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.02). Tilly’s had a negative return on equity of 14.38% and a negative net margin of 6.85%. The business had revenue of $115.86 million for the quarter, compared to analysts’ expectations of $115.57 million. On average, equities analysts anticipate that Tilly’s, Inc. will post -0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in Tilly’s by 461.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,300 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 6,000 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Tilly’s by 61.0% in the first quarter. BNP Paribas Financial Markets now owns 10,655 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 4,035 shares in the last quarter. SG Americas Securities LLC purchased a new position in Tilly’s in the fourth quarter valued at $91,000. Sierra Summit Advisors LLC purchased a new position in Tilly’s in the fourth quarter valued at $222,000. Finally, First Eagle Investment Management LLC increased its holdings in Tilly’s by 7.4% in the fourth quarter. First Eagle Investment Management LLC now owns 376,233 shares of the specialty retailer’s stock valued at $2,837,000 after buying an additional 26,081 shares in the last quarter. Hedge funds and other institutional investors own 76.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of Tilly’s from a “hold” rating to a “sell” rating in a research note on Monday, June 10th. B. Riley lowered their price objective on shares of Tilly’s from $8.25 to $7.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. Finally, Roth Mkm reduced their target price on shares of Tilly’s from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Friday, June 7th.

Tilly’s Company Profile

Tilly's, Inc operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, swim, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others.